Pandora to limit free listening on mobile devices

SaumyaVaishampayan

NEW YORK (MarketWatch) -- Pandora Media Inc.
P, -1.10%
said Wednesday it will begin to cap the number of hours of free music available on mobile devices as it copes with rising royalty rates. The limit, 40 hours per month for free mobile listening, is expected to impact less than 4% of active listeners, the Oakland, Calif.-based company said. Free listening on a desktop or laptop computer will remain unlimited. The internet-music company is scheduled to release fourth-quarter earnings on March 7.

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